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Report: Cut energy subsidies to trim deficit

The Daily Caller -- With federal sequestration triggering a fierce debate over what government programs should be cut, a fiscal watchdog group proposes putting energy subsidies on the chopping block.

Unless Congress reaches a deal, there will be automatic across-the-board spending cuts.

“Sequestration is bad. It is irresponsible. It would cut the best and the worst the government has to offer without distinction,” Taxpayers for Common Sense president Ryan Alexander said in a statement.

“And no amount of finger pointing can change the fact that both Congress and the President are responsible for this threat,” she continued.

TCS put together a list of programs that should be cut because they are “an inefficient, ineffective, or wasteful use of taxpayer dollars” and can be safely eliminated, including a wide

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Submitted Oct 02, 2012 By: angel4me

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remay Champion Author Houston Posts:7,078 Points:2,143,215 Joined:May 2006	Message Posted: Oct 3, 2012 4:55:16 AM Ignore remay Report Abuse The "trim" would be so small, it wouldn't be noticed.
BEGTWO Champion Author Maryland Posts:2,072 Points:750,640 Joined:Sep 2010	Message Posted: Oct 3, 2012 4:41:07 AM Ignore BEGTWO Report Abuse Don't know about that???
MAC48 Champion Author Dallas Posts:1,580 Points:788,400 Joined:Dec 2006	Message Posted: Oct 2, 2012 7:52:57 PM Ignore MAC48 Report Abuse Learn the difference between a tax deduction and a subsidy. A tax deduction is a reduction in gross income to recover a recognized cost of generating income such as depreciation, employee health insurance, etcetera. A subsidy, a.k.a. grant, is a hand out of cash in order to support an activity that could not otherwise be conducted based solely on its own efforts due to its products uncompetitive economically such as solar and wind electricity generation, etcetara.
MidNJ Champion Author New Jersey Posts:7,686 Points:1,197,290 Joined:Sep 2009	Message Posted: Oct 2, 2012 6:55:29 PM Ignore MidNJ Report Abuse Can not understand why our tax dollars are still subsidizing the oil industry.
mitt4prez Champion Author Tacoma Posts:1,883 Points:1,272,925 Joined:Nov 2007	Message Posted: Oct 2, 2012 11:48:30 AM Ignore mitt4prez Report Abuse What, cut out the spots at the govt trough for the grafters?
Skunk63 Champion Author Phoenix Posts:2,687 Points:585,000 Joined:Oct 2011	Message Posted: Oct 2, 2012 10:42:19 AM Ignore Skunk63 Report Abuse Cut subsidies? How novel.
crep1291 Champion Author Ottawa Posts:2,637 Points:486,190 Joined:Dec 2010	Message Posted: Oct 2, 2012 9:35:56 AM Ignore crep1291 Report Abuse Yes, no more subsidies. Instead the government should tax all non-renewable fuels enough to make them uncompetitive. The government could probably collect 12B$ every year.
puinsai808 Champion Author Honolulu Posts:3,697 Points:754,030 Joined:May 2011	Message Posted: Oct 2, 2012 9:23:17 AM Ignore puinsai808 Report Abuse Cut out the Solyndras.
Norm10 Champion Author British Columbia Posts:3,396 Points:165,955 Joined:Dec 2010	Message Posted: Oct 2, 2012 8:10:53 AM Ignore Norm10 Report Abuse This means government officials would stop getting their payola!
Prius_III Sophomore Author Philadelphia Posts:145 Points:51,800 Joined:May 2012	Message Posted: Oct 2, 2012 7:29:16 AM Ignore Prius_III Report Abuse I agree that the government should stop subsidizing all forms of energy and let the free market sort this out on its own. Nevertheless, the savings being discussed here come to only 1% of the current federal deficit. There must be other more significant savings to be found in that monsterous federal budget.
zwsn01 All-Star Author Alabama Posts:692 Points:464,195 Joined:Jan 2012	Message Posted: Oct 2, 2012 6:20:58 AM Ignore zwsn01 Report Abuse Stop giving MY money away. It's not the government's money, it's MY money.
Mark8601 All-Star Author Bakersfield Posts:929 Points:397,035 Joined:Dec 2011	Message Posted: Oct 2, 2012 3:23:21 AM Ignore Mark8601 Report Abuse Wow!Never knew how much monies went out the door on subsidies.
wild3bill Champion Author New York Posts:2,551 Points:1,695,490 Joined:Nov 2005	Message Posted: Oct 2, 2012 2:02:24 AM Ignore wild3bill Report Abuse Subsidies are BAD. Broken As Designed!Tax payers foot the bill for the susidy and ALSO pay highe prices because price gougers charge more Gov't subsidies go to the price gougers who do not see as many lost sales due to too high prices!
jcurley Champion Author California Posts:8,013 Points:1,800,545 Joined:Dec 2007	Message Posted: Oct 2, 2012 12:57:38 AM Ignore jcurley Report Abuse Ha! “Sequestration is bad. It is irresponsible. It would cut the best and the worst the government has to offer without distinction,” Taxpayers for Common Sense president Ryan Alexander said in a statement. “And no amount of finger pointing can change the fact that both Congress and the President are responsible for this threat,” she continued. Congress is 100% responsible for this. Obama offered a deal. $10 in spending cuts for every $1 tax increase to the top 1%. And the GOP said 'no'. Don't vote for those terrorist, anti-patriotic tea baggers who almost made this country default on our debt - in violation of our constitution!
mrjames1818 Champion Author New Jersey Posts:1,681 Points:2,024,820 Joined:Mar 2004	Message Posted: Oct 2, 2012 12:56:33 AM Ignore mrjames1818 Report Abuse To start - Kill Ethanol mandate, ethanol subsidies and oil company tax breaks
UseLessGasFolks Champion Author Iowa Posts:5,581 Points:1,322,575 Joined:Jul 2007	Message Posted: Oct 2, 2012 12:53:20 AM Ignore UseLessGasFolks Report Abuse But big oil will swear up and down that they do not get any credits or subsidies. Liars!!!
Happytalk Champion Author Pennsylvania Posts:2,276 Points:604,815 Joined:May 2010	Message Posted: Oct 2, 2012 12:51:42 AM Ignore Happytalk Report Abuse sounds good
billy44bo Champion Author Mobile Posts:7,333 Points:1,516,490 Joined:Feb 2008	Message Posted: Oct 2, 2012 12:48:21 AM Ignore billy44bo Report Abuse cut all subsidies to do that free housing, phones , and the rest of the crap they give away [Edited by: billy44bo at 10/2/2012 2:49:46 AM EST]
Retowered Champion Author Colorado Posts:8,717 Points:2,713,115 Joined:May 2004	Message Posted: Oct 2, 2012 12:45:27 AM Ignore Retowered Report Abuse Good Idea!
steve621 Champion Author Wilmington Posts:2,128 Points:2,134,680 Joined:Aug 2004	Message Posted: Oct 2, 2012 12:44:16 AM Ignore steve621 Report Abuse ok
RNCII Champion Author Michigan Posts:2,608 Points:669,080 Joined:Jun 2011	Message Posted: Oct 2, 2012 12:39:24 AM Ignore RNCII Report Abuse The way they have worked together on all the issues this list won't help.
Quick68 Champion Author Columbus Posts:8,448 Points:1,253,500 Joined:Dec 2009	Message Posted: Oct 2, 2012 12:39:07 AM Ignore Quick68 Report Abuse Both Congress and the President's pay should be cut about 3/4% to start.
tpguess Champion Author San Diego Posts:1,696 Points:394,410 Joined:Jan 2012	Message Posted: Oct 2, 2012 12:38:34 AM Ignore tpguess Report Abuse As long as the green guys give him money... the subsidies will continue... all he cares about is staying in for 4 more years... to finish screwing us
Pigboat Champion Author Oklahoma City Posts:14,949 Points:2,871,640 Joined:Mar 2005	Message Posted: Oct 2, 2012 12:30:27 AM Ignore Pigboat Report Abuse Sounds like a good start at getting our fiscal house in order.
SparkieMi Champion Author Kalamazoo Posts:3,397 Points:615,110 Joined:Sep 2011	Message Posted: Oct 2, 2012 12:30:11 AM Ignore SparkieMi Report Abuse Great post by gmcgas!!!!!!
SnickersDog Champion Author Denver Posts:3,414 Points:706,735 Joined:Feb 2011	Message Posted: Oct 2, 2012 12:29:44 AM Ignore SnickersDog Report Abuse Cut them first.
gamalerin Champion Author Tampa Posts:4,877 Points:1,019,035 Joined:Jul 2010	Message Posted: Oct 2, 2012 12:28:53 AM Ignore gamalerin Report Abuse They have to figure how to reduce expense or shut it down.
gassy4u Champion Author Mobile Posts:3,763 Points:1,326,360 Joined:Sep 2005	Message Posted: Oct 2, 2012 12:25:47 AM Ignore gassy4u Report Abuse Many should be eliminated.
gmcgas Champion Author Atlanta Posts:6,089 Points:1,740,895 Joined:Mar 2004	Message Posted: Oct 2, 2012 12:25:15 AM Ignore gmcgas Report Abuse they casn't agree on a budget, how are they going to cut?
mikerroy Champion Author Albuquerque Posts:2,691 Points:747,175 Joined:May 2005	Message Posted: Oct 2, 2012 12:22:52 AM Ignore mikerroy Report Abuse Ok
quasar502 Champion Author Lansing Posts:3,718 Points:828,075 Joined:Jan 2011	Message Posted: Oct 2, 2012 12:17:00 AM Ignore quasar502 Report Abuse Gee ... I wonder who sponsored that report.
beale055 Champion Author Philadelphia Posts:1,292 Points:440,925 Joined:Jan 2012	Message Posted: Oct 2, 2012 12:15:53 AM Ignore beale055 Report Abuse Good
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Oct 2, 2012 12:11:24 AM Ignore jkpsr Report Abuse Everyone seems to have a plan to reduce spending. What we need is more stimulus.
1stClicker Champion Author Texas Posts:5,451 Points:2,270,270 Joined:Oct 2005	Message Posted: Oct 2, 2012 12:11:00 AM Ignore 1stClicker Report Abuse Right on RonElp!
sehonda Champion Author Honolulu Posts:2,108 Points:930,810 Joined:May 2009	Message Posted: Oct 2, 2012 12:04:21 AM Ignore sehonda Report Abuse cut Union projects - too save money
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Oct 2, 2012 12:03:38 AM Ignore RonElp Report Abuse If we could manage the government better we could cut the deficite..Crack down on the businesses that do medicare fraud... Have a government agency that can stop us from buying the $1200.00 hammers and the $900.00 crecent wrenches... among other government wastes. And while we are at it... cut out the grants that give $200.00 for someone to study the mating habits of the teetsy fly.. FYI flies, are large biting flies that inhabit much of Jamaica and mid-continental Africa between the Sahara and the Kalahari deserts. They live by feeding on the blood of vertebrate animal.. Heck, we don't have them here in the U.S. they are in Africa!
wally52 Champion Author Little Rock Posts:27,767 Points:842,290 Joined:Jan 2011	Message Posted: Oct 2, 2012 12:01:58 AM Ignore wally52 Report Abuse This article is not about gas prices, but we do need to address the wasted funds that the tax payer our paying.
Road-Runner Champion Author Denver Posts:7,067 Points:1,910,115 Joined:May 2004	Message Posted: Oct 1, 2012 11:59:59 PM Ignore Road-Runner Report Abuse Good Idea!
JohnofGB Champion Author Flint Posts:5,561 Points:1,123,895 Joined:Feb 2010	Message Posted: Oct 1, 2012 11:59:42 PM Ignore JohnofGB Report Abuse At least this article does not limit itself to just a few fuels. It gets all of the subsidies. Good riddance.
bsg75 Veteran Author Chicago Posts:434 Points:137,610 Joined:May 2010	Message Posted: Oct 1, 2012 11:55:26 PM Ignore bsg75 Report Abuse Wacko greenie companies in the environmental green sense represent a drop in the bucket compared to wacko greenie corporations in the money green sense, who have gamed the whole system to their kleptocratic advantage. Big Oil, Big Defense, Big Pharma, Big Brother. Amazing how some fail to see the Big Picture. You're so Bain you probably think this post is about you, parrot squawking Fox know-nothings.
btex49 Champion Author Austin Posts:2,835 Points:554,655 Joined:Aug 2011	Message Posted: Oct 1, 2012 11:54:44 PM Ignore btex49 Report Abuse "It would cut the best and the worst the government has to offer without distinction," I agree the sequestration is bad... however, it would do something that Congress doesn't have the ability to do and that is cut spending.
gasandgoAL Champion Author Alabama Posts:7,289 Points:1,616,410 Joined:Sep 2008	Message Posted: Oct 1, 2012 11:52:03 PM Ignore gasandgoAL Report Abuse cut Obama;s solar buddies
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Oct 1, 2012 11:51:11 PM Ignore LostToo Report Abuse Another big chunk they could cut on that chopping block is Foreign Aide.
bsg75 Veteran Author Chicago Posts:434 Points:137,610 Joined:May 2010	Message Posted: Oct 1, 2012 11:48:37 PM Ignore bsg75 Report Abuse Military is not considered a subsidy but unnecessary military spending definitely needs to be cut.
HA4CNN Champion Author Toronto Posts:5,760 Points:1,570,215 Joined:Dec 2006	Message Posted: Oct 1, 2012 11:46:26 PM Ignore HA4CNN Report Abuse That's like saying cut politics it is not going to happen with these criminals in power today.
Bruno44 Champion Author Texas Posts:7,212 Points:1,794,920 Joined:Sep 2007	Message Posted: Oct 1, 2012 11:46:15 PM Ignore Bruno44 Report Abuse Cut wasteful subsidies to the wacko greenie companies.
Buddy2264 Champion Author Tampa Posts:11,797 Points:2,387,670 Joined:Oct 2005	Message Posted: Oct 1, 2012 11:45:09 PM Ignore Buddy2264 Report Abuse I agree cut where wasteful first, but who makes up that list..... we have all had to learn to live on less and so does the government, but alas then we all have to pay a fare share, maybe some of it in a national sales tax form on all we buy. That way everyone gets to pay a little with no exceptions. Guess we will not see that one.
DozenSpeed Champion Author St. Louis Posts:1,293 Points:391,550 Joined:Sep 2011	Message Posted: Oct 1, 2012 11:35:31 PM Ignore DozenSpeed Report Abuse Cut MOST of them. Except military and infrastructure. You don't HAVE to cut SS and Medi-money, just stop the billions in fraud stemming from it.
snky2k Champion Author Indianapolis Posts:1,523 Points:329,840 Joined:Mar 2012	Message Posted: Oct 1, 2012 11:34:41 PM Ignore snky2k Report Abuse The legislative branch is bought and paid for. Not gonna happen.
etothek Champion Author Pennsylvania Posts:1,784 Points:358,380 Joined:Jun 2012	Message Posted: Oct 1, 2012 11:30:29 PM Ignore etothek Report Abuse Ok